Custody

TPGS violated the Custody Rule because it failed to accurately determine the securities over which it had custody; failed to ensure the securities were maintained ...

Parallax, an investment adviser registered with the Commission from March 2010 to November 2012, willfully violated the principal transaction prohibitions and the custody and compliance rules ...

The CPAs never issued a report for either the 2010 or 2011 Exam, did not timely withdraw from the engagements to conduct these examinations and ...

The SEC has previously stated that one of the most critical rules under the Investment Advisers Act is 206(4)-2—the custody rule. This opinion hasn’t changed ...

Five years after the latest amendments to the SEC’s custody rule, many questions about it persist. IA Watch’s May 19 custody webinar—counting more than 700 ...

The drain of investor funds was surprisingly swift. After wiring funds to brokerage accounts under the auspices of buying stock in well-known companies or supposed ...

Recorded: May 19, 2015

Last year, we told you that OCIE had contracted with a Tennessee company, Capital Confirmation, to do electronic verification of accounts for custody inquiries during ...

Over a period of four years, Simon Lesser, an audit partner at McGladrey, approved McGladrey’s issuance of audit reports containing unqualified opinions that financial statements ...

The newest chapter in the Sands Brothers saga (IA Watch, March 5, 2015) is the disqualification of the firm’s attorney because of a conflict in ...